South Australian Numbered Acts South Australian Numbered ActsAfter section 76 insert:
76A—Financing of licensee's business
(1) The Minister may, by notice in the Gazette, grant an exemption from such provisions of this Act as may be necessary for the purpose of enabling—
(a) the holder of a gaming machine licence, the special club licence or a gaming machine dealer's licence and a credit provider to enter into any arrangements (including leasing arrangements) for the financing of the licensee's acquisition of gaming machines or gaming machine entitlements or otherwise financing the business conducted on the licensed premises; and
(b) a credit provider to exercise rights of repossession and sale over gaming machines, and gaming machine entitlements, subject to any credit arrangement.
(2) An exemption is subject to any conditions specified in the notice.
(3) The Minister may, by subsequent notice in the Gazette, vary an exemption.
(4) If a credit provider repossesses or acquires a gaming machine or gaming machine entitlement under an arrangement to which an exemption relates, the credit provider—
(a) must, within 7 days after the repossession or acquisition, give written notice to the Commissioner of the repossession or acquisition; and
(b) must ensure the gaming machine is not operated while in the ownership of the credit provider; and
(c) must ensure the gaming machine is, while in the ownership of the credit provider, stored by the holder of a gaming machine dealer's licence or gaming machine service licence in a secure storage location; and
(d) must not sell the gaming machine except to the holder of a gaming machine dealer's licence; and
(e) must, within 7 days after selling or otherwise disposing of the gaming machine or gaming machine entitlement, give written notice to the Commissioner of the details of the sale or other disposition.
Maximum penalty: $35 000.